mangalore today
name
name
name
Friday, March 29
Genesis Engineersnamename

 

RBI cuts repo rate by 25 basis points


Mangalore Today News Network

New Delhi June 2 2015: The Reserve Bank of India has cut repo rate by 25 basis points, calling for banks to pass on rate cut to lending rate


raghuram-rajanExperts point that a rate cut is needed now to push investments and growth.

Here are the highlights:

Reverse repo rate adjusted to 6.25 pc from 6.5 pc.

Bank Rate down to 8.25 pc from 8.5 pc.

Inflation expected to rise to 6 per cent by January 2016.

RBI keeps CRR unchanged at 4 per cent.

Strong food policy management important to keep inflation and inflationary expectations under check in near term.

As the talks of rate cut had gained momentum over the last couple of weeks, the markets had been anxiously waiting for a rate cut from the RBI. In the last 10 sessions, the Sensex has risen by only 161 points or 0.58 per cent despite strong Q4 GDP growth numbers, inflation figures remaining within RBI’s comfort zone.

 

courtesy: Indianexpress


Write Comment | E-Mail To a Friend | Facebook | Twitter | Print
Error:NULL
Write your Comments on this Article
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment
You have characters left.
Security Validation
Enter the characters in the image above